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PRIVATE DEBT INVESTOR UPDATEThis excerpt from the newly launched Preqin Investor Update: Alternative Assets, H2 2018, reveals investors’ plans for private debt investment in the year ahead, including the fund types and regions currently presenting the best opportunities.
Find out more on page 7
THE TOP 100 PRIVATE DEBT FUND MANAGERS
In this extract from the recently released Preqin Special Report: The Private Debt Top 100, Preqin is pleased to provide a comprehensive ranking for the first time of the top 100 fund managers within the private debt asset class, taken from our online platform.
Find out more on page 3
VOLUME 3, ISSUE 7 ■ SEPTEMBER 2018
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IN THIS ISSUE
FEATURE The Top 100 Private Debt Fund Managers
3
FEATUREPrivate Debt Investor Update
7
INDUSTRY NEWS 9
THE FACTS■ Private Debt Fundraising■ Private Debt in the Northeast US
11
12
CONFERENCES 14
PRIVATE DEBT
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THE TOP 100 PRIVATE DEBT FUND MANAGERS
© Preqin Ltd. 2018 / www.preqin.com3 Private Debt Spotlight | September 2018
THE TOP 100 PRIVATE DEBT FUND MANAGERS
$626bnAggregate private debt capital raised by the top 100 fund managers in the past
decade.
68 The US is home to the highest number of top 100 fund managers, followed by the
UK (12).
$186bn Estimated dry powder available to the
top 100 fund managers.
163
391
119
11573
7275
49
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
No. of Funds Closed Aggregate Capital Raised ($bn)
76-100
51-75
26-50
Top 25
Source: Preqin
Prop
ortio
n of
Tot
al
Fig. 3: Fundraising by the Top 100 Private Debt Fund Managers in the Last 10 Years by Ranking
303
103
8 15 1
502
103
6.8 13.3 1.70
100
200
300
400
500
600
NorthAmerica
WestEurope
Nordic GreaterChina
Far East
No. of FundsClosed
AggregateCapital Raised($bn)
Source: PreqinFund Manager Location
Fig. 2: Fundraising by the Top 100 Private Debt Fund Managers in the Last 10 Years by Location
Fig. 1: Top 100 Private Debt Fund Managers by Location
NORTH AMERICA70
WEST EUROPE23
NORDIC2
GREATER CHINA4
FAR EAST1
Using data from Preqin Special Report: The Private Debt Top 100, we provide a detailed overview of the top ranking fund managers active in the asset class.
THE TOP 100 PRIVATE DEBT FUND MANAGERS
© Preqin Ltd. 2018 / www.preqin.com4 Private Debt Spotlight | September 2018
Fig. 4: Top 100 Private Debt Fund Managers by Capital Raised in the Last 10 Years* (1-50)
Rank Firm HeadquartersAggregate Capital
Raised in Last 10 Years ($bn)
Dry Powder ($bn)
1 Oaktree Capital Management Los Angeles, US 51.5 12.9
2 Goldman Sachs Merchant Banking Division New York, US 37.4 3.1
3 GSO Capital Partners New York, US 33.3 13.2
4 Ares Management Los Angeles, US 23.4 11.4
= Intermediate Capital Group London, UK 23.4 10.3
6 HPS Investment Partners New York, US 20.6 8.3
7 Apollo Global Management New York, US 19.2 5.1
8 Centerbridge Capital Partners New York, US 18.9 5.5
9 Fortress Investment Group New York, US 16.4 3.2
10 Avenue Capital Group New York, US 15.5 1.0
11 Bain Capital Credit Boston, US 14.1 2.8
12 Crescent Capital Group Los Angeles, US 12.2 3.4
13 KKR New York, US 11.7 4.0
14 CarVal Investors Hopkins, US 11.1 3.3
15 Cerberus Capital Management New York, US 11.0 5.4
16 Hayfin Capital Management London, UK 9.9 3.5
17 Värde Partners Minneapolis, US 7.7 0.5
18 BlueBay Asset Management London, UK 7.5 3.3
19 Mount Kellett Capital Management New York, US 7.0 0.0
20 Benefit Street Partners New York, US 6.9 2.7
21 Barings Springfield, US 6.8 1.9
22 Castlelake Minneapolis, US 6.7 2.1
= Clearlake Capital Group Santa Monica, US 6.7 3.7
24 ABRY Partners Boston, US 6.2 1.7
= Bayside Capital Miami, US 6.2 0.9
26 Carlyle Group Washington, US 6.1 2.9
= Wayzata Investment Partners Wayzata, US 6.1 1.2
28 Partners Group Baar-Zug, Switzerland 5.5 1.0
29 Alcentra Group London, UK 5.4 2.1
= Strategic Value Partners Greenwich, US 5.4 1.8
31 Angelo, Gordon & Co New York, US 5.2 1.3
= Oak Hill Advisors New York, US 5.2 3.1
33 Park Square Capital Partners London, UK 5.0 0.6
34 Marlin Equity Partners Hermosa Beach, US 4.8 2.8
= M&G Investments London, UK 4.8 0.1
= WL Ross & Co New York, US 4.8 0.1
37 Golub Capital New York, US 4.7 0.8
38 KPS Capital Partners New York, US 4.3 1.7
= PAG Asia Capital Hong Kong 4.3 1.4
= SSG Capital Management Hong Kong 4.3 2.3
= TPG Fort Worth, US 4.3 0.9
42 Czech Asset Management Old Greenwich, US 4.2 1.3
43 Prudential Capital Group Chicago, US 3.9 1.3
44 Athyrium Capital Management New York, US 3.8 1.5
= Idinvest Partners Paris, France 3.8 0.2
= Summit Partners Boston, US 3.8 1.4
47 Atalaya Capital Management New York, US 3.7 1.1
= EQT Stockholm, Sweden 3.7 1.8
= Permira Debt Managers London, UK 3.7 1.0
50 Tennenbaum Capital Partners Santa Monica, US 3.6 1.9
*Excludes separate accounts.
THE TOP 100 PRIVATE DEBT FUND MANAGERS
© Preqin Ltd. 2018 / www.preqin.com5 Private Debt Spotlight | September 2018
Fig. 5: Top 100 Private Debt Fund Managers by Capital Raised in the Last 10 Years* (51-100)
Rank Firm HeadquartersAggregate Capital
Raised in Last 10 Years ($bn)
Dry Powder ($bn)
51 Glendon Capital Management Santa Monica, US 3.6 2.2
= Tikehau Investment Management Paris, France 3.6 1.8
53 The Catalyst Capital Group Toronto, Canada 3.5 1.1
54 Guggenheim Investment Management Chicago, US 3.4 0.9
55 FS Investments Philadelphia, US 3.3 0.3
56 White Oak Global Advisors San Francisco, US 3.2 1.2
57 Monarch Alternative Capital New York, US 3.1 0.9
58 AEA Investors New York, US 3.0 0.7
= Alchemy Partners London, UK 3.0 1.4
= Anchorage Capital Group New York, US 3.0 0.6
= Ardian Paris, France 3.0 0.7
= Proventus Capital Partners Stockholm, Sweden 3.0 0.5
63 Neuberger Berman New York, US 2.9 1.3
64 EMZ Partners Paris, France 2.8 1.0
= CITIC Private Equity Funds Management Beijing, China 2.8 1.2
= Cross Ocean Partners London, UK 2.8 0.7
67 Crestline Investors Fort Worth, US 2.6 1.0
= York Capital Management New York, US 2.6 1.4
69 Kayne Anderson Capital Advisors Los Angeles, US 2.5 0.3
70 Amundi Private Debt Paris, France 2.4 1.0
71 Black Diamond Capital Management Greenwich, US 2.3 0.3
= GoldPoint Partners New York, US 2.3 0.8
= MHR Fund Management New York, US 2.3 1.4
74 Audax Mezzanine New York, US 2.2 0.9
= ECS Capital Lisbon, Portugal 2.2 0.2
= Garrison Investment Group New York, US 2.2 0.1
= LBC Credit Partners Philadelphia, US 2.2 0.7
= LCM Partners London, UK 2.2 1.4
= Tinicum Incorporated New York, US 2.2 0.3
= Twin Brook Capital Partners Chicago, US 2.2 1.5
81 AMERRA New York, US 2.1 0.1
= Ascribe Capital New York, US 2.1 0.0
= Capzanine Paris, France 2.1 1.1
= CRG Houston, US 2.1 0.5
= Morgan Stanley Investment Management New York, US 2.1 0.3
86 Chambers Energy Capital Houston, US 2.0 0.5
= Merced Capital Minnetonka, US 2.0 0.0
= Rivage Investment Paris, France 2.0 1.0
= Shoreline Capital Guangzhou, China 2.0 0.8
90 CM-CIC Private Debt Paris, France 1.9 0.4
= GoldenTree Asset Management New York, US 1.9 0.5
= Metric Capital Partners London, UK 1.9 0.8
= Monroe Capital Chicago, US 1.9 0.5
94 AlbaCore Capital London, UK 1.8 1.0
= Davidson Kempner Capital Management New York, US 1.8 0.3
= Integrated Asset Management Corp. Toronto, Canada 1.8 0.4
= Kartesia Advisors Luxembourg, Luxembourg 1.8 0.9
98 Malaysia Debt Ventures Kuala Lumpur, Malaysia 1.7 0.7
99 Falcon Investment Advisors Boston, US 1.6 0.0
= Newstone Capital Partners Dallas, US 1.6 0.2
Source: Preqin
*Excludes separate accounts.
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PRIVATE DEBT INVESTOR UPDATE
Private Debt Spotlight | September 20187 © Preqin Ltd. 2018 / www.preqin.com
PRIVATE DEBT INVESTOR UPDATE
Over three quarters (76%) of investors active in private debt intend to
commit fresh capital to the asset class in the second half of 2018 (Fig. 1), indicating that LPs perceive an attractive risk/return proposition in the current uncertain economic environment. Nine percent of investors are looking further into the horizon, with plans to make commitments in 2020 or beyond.
As was the case a year ago, investors believe direct lending presents the best opportunities for the next 12 months, as cited by 31% of respondents (Fig. 2). At this stage last year, 40% of investors felt mezzanine strategies presented the best opportunities; however, the proportion (20%) of respondents that currently believe this to be the case has halved, with many investors seemingly looking to take less risk and allocate to assets further up the capital structure. Twenty-one percent and 19% of investors look favourably upon distressed debt and special situations funds respectively.
Importantly, Europe (47%) has overtaken North America (43%) as the region investors believe presents the best opportunities in the coming year (Fig. 3). Europe has attracted significant attention in private debt in recent years, as the market matures and investors look to
diversify their private debt exposure. Outside the more developed private debt markets, there is muted interest from investors, with only 16% naming each of Asia and emerging markets as presenting the best opportunities.
1%
1%
2%
16%
16%
43%
47%
0% 10% 20% 30% 40% 50%
Latin America
Middle East
Australasia
Emerging Markets
Asia
North America
Europe
Source: Preqin Investor Interviews, June 2018
Fig. 3: Regions that Investors View as Presenting the Best Opportunities over the Next 12 Months
29%
3%
5%
19%
20%
21%
31%
0% 10% 20% 30% 40%
Other
Venture Debt
Fund of Funds
Special Situations
Mezzanine
Distressed Debt
Direct Lending
Source: Preqin Investor Interviews, June 2018Proportion of Respondents
Fig. 2: Fund Types that Investors View as Presenting the Best Opportunities over the Next 12 Months
76%
14%
1%9%
H2 2018
H1 2019
H2 2019
2020 or Later
Source: Preqin Investor Interviews, June 2018
Fig. 1: Timeframe for Investors’ Next Intended Commitment to a Private Debt Fund
Proportion of Respondents
This excerpt from the newly launched Preqin Investor Update: Alternative Assets, H2 2018 reveals investors’ plans for private debt investment in the year ahead.
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INDUSTRY NEWS
© Preqin Ltd. 2018 / www.preqin.com9 Private Debt Spotlight | September 2018
In this month’s Industry News, we detail the funds currently in market, as well as recent investor mandates and sample funds closed in the past six months.
INDUSTRY NEWS
Do you have any news you would like to share with the readers of Spotlight? Perhaps you’re about to launch a new fund, have implemented a new investment strategy, or are considering investments beyond your usual geographic focus?
Send your updates to [email protected] and we will endeavour to publish them in the next issue.
SHARE YOUR NEWS
As at August 2018, there are 422 active investment mandates for private debt. Among these is Amundi Private Equity Funds; the Paris-headquartered private equity fund of funds manager will look to target direct lending opportunities, focusing predominantly on Europe but also North America on an opportunistic basis. The investor will use a mixture of both new and existing managers in its portfolio.
AIA China is looking to make new commitments to Asia-Pacific-focused mezzanine and distressed debt funds in the next 12 months. The Shanghai-based insurance company will look to commit around CNY 205mn ($30mn) to each vehicle.
Norwegian government agency Norfund expects to commit $10-30mn across up to five private debt funds in the next 12 months through its private equity allocation. The institution will target mezzanine vehicles across emerging regions, including Southeast Asia, Central America (excluding Mexico) and Africa using a mixture of both new and existing managers in its portfolio.
Houston Police Officers’ Pension System plans to commit $50-100mn to at least one fund, focusing on distressed debt opportunities on a global basis, with an emphasis on North America. It will look to select managers on a case-by-case basis.
As at August 2018, there are 387 private debt funds in market seeking an aggregate $169bn in institutional capital. The largest fund on the road is Fortress Credit Opportunities Fund V, managed by New York-based Fortress Investment Group. The vehicle is seeking $5.0bn with a focus on distressed debt opportunities throughout Europe.
ICG Europe Fund VII is the largest mezzanine fund in market; managed by London-headquartered Intermediate Capital Group, the fund is targeting €4bn for investments in European mid-market companies with enterprise values between €100mn and €1.5bn. The vehicle targets family-owned businesses as well as leveraged buyouts, and makes opportunistic investments in well-performing businesses that are perhaps impeded by their capital structure. The fund held a fourth close on €3.7bn in July 2018.
Park Square Capital SMBC JV, a joint venture between Park Square Capital Partners and SMBC, is the largest direct lending vehicle on the road, seeking €3bn. It will provide unitranche loans to European mid-market companies.
Bain Capital Special Situations Europe is the largest special situations fund in market and is seeking €1bn with a hard-cap target of €1.25bn. The fund will make investments in portfolios of non-performing loans, non-core assets sold by financial institutions, other portfolios and real estate across Europe. Launched in October 2017, the fund held a first close in June 2018, securing €1bn.
RECENTLY CLOSED FUNDS
Eighty-eight private debt funds have held a final close since the start of 2018, securing $90bn in institutional capital. The largest of these funds is GS Mezzanine Partners VII, managed by Goldman Sachs Merchant Banking Division; the vehicle focuses on issuing mezzanine debt across a diverse range of industries in North America and Europe and held a final close in August 2018 on $13bn.
Goldman Sachs Merchant Banking Division also managed the second largest fund closure over this period. Broad Street Loan Partners III provides senior debt on a global scale; the vehicle held a final close in August 2018, securing $9.8bn.
Bain Capital Special Situations Asia is the largest Asia-focused private debt fund to reach a final close in 2018 so far. The special situations vehicle is managed by Boston-based Bain Capital Credit and held a final close on $1.0bn in April 2018.
INVESTOR MANDATESFUNDS IN MARKET
PREQIN GLOBAL DATA COVERAGE
+PLUS
Comprehensive coverage of:
+ Placement Agents + Dry Powder+ Fund Administrators + Compensation+ Law Firms + Plus much more...+ Debt Providers
THE PREQIN DIFFERENCE+ Over 390 research, support and development staff+ Global presence - New York, London, Singapore, San Francisco, Hong Kong, Manila and Guangzhou+ Depth and quality of data from direct contact methods+ Unlimited data downloads+ The most trusted name in alternative assets
*Private equity includes buyout, growth, venture capital, turnaround, private equity fund of funds, private equity secondaries, direct secondaries, balanced, hybrid, hybrid fund of funds, PIPE, co-investment and co-investment multi-manager funds.
PRIVATE EQUITY* HEDGE FUNDS REAL ESTATE INFRASTRUCTURE PRIVATE DEBT NATURAL
RESOURCES
INVESTORCOVERAGE
7,544Active
Private Equity LPs
5,623Active
Hedge Fund Investors
6,856Active
Real Estate LPs
3,565Active
InfrastructureLPs
3,546Active
Private Debt Investors
3,635Active
Natural Resources Investors
FUNDCOVERAGE
21,950Private Equity
Funds
27,113Hedge Funds
7,589PE Real Estate
Funds
1,390Infrastructure
Funds
2,816Private Debt
Funds
2,207Natural Resources
Funds
FIRMCOVERAGE
15,891Private Equity Firms
9,751Hedge Fund
Firms
5,540PE Real Estate
Firms
584Infrastructure
Firms
1,712Private Debt
Firms
1,129Natural Resources
Firms
PERFORMANCECOVERAGE
6,326Private Equity
Funds
19,497Hedge Funds
1,917PE Real
Estate Funds
288Infrastructure
Funds
941Private Debt
Funds
628Natural Resources
Funds
FUNDRAISINGCOVERAGE
3,560Private Equity
Funds
16,752Hedge Funds
1,419PE Real
Estate Funds
180Infrastructure
Funds
388Private Debt
Funds
313Natural Resources
Funds
Alternatives Investment Consultants Coverage:
606Consultants Tracked
Funds Terms Coverage: Analysis Based on Data for Around
18,337Funds
Best Contacts: Carefully Selected from our Database of over
477,054Contacts
2015 Annual CAIA CorporateRecognition Award Winner
As at 3rd September 2018
ALTERNATIVES COVERAGE
FIRMS FUNDS FUNDS OPEN TO INVESTMENT
INVESTORSMONITORED
FUNDS WITH PERFORMANCE DEALS & EXITS
34,607 63,065 22,612 17,568 29,597 358,880
DEALS & EXITSCOVERAGE
BUYOUT VENTURE CAPITAL REAL ESTATE INFRASTRUCTURE PRIVATE DEBT
92,121Buyout Deals and Exits
168,775Venture Capital Deals
and Exits
58,929Real Estate Deals
29,479Infrastructure Deals
9,576Private Debt Deals
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com11 Private Debt Spotlight | September 2018
We provide the most up-to-date fundraising figures for the private debt industry, breaking them down by primary geographic focus, fund type and more.
PRIVATE DEBT FUNDRAISING
0
10
20
30
40
50
60
70
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2013 2014 2015 2016 2017 2018
No. of Funds Closed Aggregate Capital Raised ($bn)
Source: Preqin
Date of Final Close
Fig. 1: Global Quarterly Private Debt Fundraising, Q1 2013 - Q3 2018 (As at August 2018)
48
27
85
62.9
23.6
2.7 0.50
10
20
30
40
50
60
70
NorthAmerica
Europe Asia Rest ofWorld
No. of FundsClosed
Aggregate CapitalRaised ($bn)
Source: PreqinPrimary Geographic Focus
Fig. 4: Private Debt Fundraising in 2018 YTD by Primary Geographic Focus (As at August 2018)
39
23
11 11
2
44.3
19.4 19.4
6.2
0.105
101520253035404550
Dire
ctLe
ndin
g
Mez
zani
ne
Dis
tres
sed
Deb
t
Spec
ial
Situ
atio
ns
Vent
ure
Deb
t
No. of FundsClosed
Aggregate CapitalRaised ($bn)
Source: PreqinFund Type
Fig. 3: Private Debt Fundraising in 2018 YTD by Fund Type (As at August 2018)
49% 51%
21% 13%
13% 23%
12%11%
6% 1%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
No. ofFunds Raising
Aggregate CapitalTargeted ($bn)
Venture Debt
Special Situations
Distressed Debt
Mezzanine
Direct Lending
Source: Preqin
Fig. 5: Private Debt Funds in Market by Fund Type (As at August 2018)
Prop
ortio
n of
Tot
al
201
96
3852
85.9
57.0
13.6 12.7
0
50
100
150
200
250
NorthAmerica
Europe Asia Rest ofWorld
No. of FundsRaising
Aggregate CapitalTargeted ($bn)
Source: PreqinPrimary Geographic Focus
Fig. 6: Private Debt Funds in Market by Primary Geographic Focus (As at August 2018)
23% 18% 13% 8%18%
26%
19%20% 24%
16%
23%22%
17% 26% 30%
27%
20%22%
17%18% 9%
19%
18%
22%25% 18% 24% 30%
20%7%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015 2016 2017 2018YTD
25 Months or More
19-24 Months
13-18 Months
7-12 Months
6 Months or Less
Source: Preqin
Year of Final Close
Fig. 2: Private Debt Fundraising by Time Spent in Market, 2013 - 2018 YTD (As at August 2018)
Prop
ortio
n of
Fun
ds C
lose
d
THE FACTS
© Preqin Ltd. 2018 / www.preqin.com12 Private Debt Spotlight | September 2018
Fig. 1: Largest Northeast US-Based Private Debt Funds Closed, 2017 - 2018 YTD (As at August 2018)
Fund Firm Headquarters Primary Strategy Fund Size ($bn)
Final Close Date
GS Mezzanine Partners VII Goldman Sachs Merchant Banking Division New York Mezzanine 13.0 Aug-18
Broad Street Loan Partners III Goldman Sachs Merchant Banking Division New York Direct Lending 9.8 Aug-18
GSO Capital Solutions Fund III GSO Capital Partners New York Distressed Debt 7.4 Apr-18
Apollo European Principal Finance Fund III Apollo Global Management New York Distressed Debt 4.6 Dec-17
HPS Specialty Loan Fund 2016 HPS Investment Partners New York Direct Lending 4.5 Oct-17
Cerberus Institutional Partners VI Cerberus Capital Management New York Distressed Debt 4.0 Apr-17
Ares Private Credit Solutions Ares Capital New York Direct Lending 3.3 Apr-18
Centerbridge Special Credit Partners III-Flex Centerbridge Capital Partners New York Distressed Debt 2.9 Mar-17
Strategic Value Special Situations Fund IV Strategic Value Partners Greenwich Distressed Debt 2.9 May-18
Benefit Street Partners Debt Fund IV Benefit Street Partners New York Direct Lending 2.6 Dec-17
Source: Preqin
Fig. 2: Largest Northeast US-Based Private Debt Funds in Market (As at August 2018)
Fund Firm Headquarters Primary Strategy Target Size ($bn) Status
Fortress Credit Opportunities Fund V Fortress Investment Group New York Distressed Debt 5.0 Raising
GSO Energy Select Opportunities Fund II GSO Capital Partners New York Distressed Debt 5.0 Raising
BlackRock Middle Market Senior Fund BlackRock Princeton Direct Lending 2.5 Raising
Brightwood Capital Fund IV Brightwood Capital Advisors New York Direct Lending 2.0 Second Close
Carlyle Middle Market Credit Fund Carlyle Group Washington DC Direct Lending 2.0 First Close
KKR Lending Partners III KKR New York Direct Lending 2.0 Third Close
OHA Credit Solutions Fund Oak Hill Advisors New York Direct Lending 2.0 Raising
ABRY Advanced Securities Fund IV ABRY Partners Boston Direct Lending 1.5 Raising
Evolution Credit Partners I Evolution Credit Partners Boston Direct Lending 1.5 Raising
Paulson Strategic Partners Fund Paulson & Co. New York Distressed Debt 1.5 Raising
Source: Preqin
Fig. 3: Largest Northeast US-Based Investors by Current Allocation to Private Debt (As at August 2018)
Investor Type Location Current Allocation to PD (As a % of AUM)
New York City Employees' Retirement System Public Pension Fund Brooklyn 5.6
New York City Police Pension Fund Public Pension Fund New York 3.6
Maryland State Retirement and Pension System Public Pension Fund Baltimore 2.4
MD Sass Investors Services Investment Company New York 2.1
Howard Hughes Medical Institute Foundation Chevy Chase 1.9
Massachusetts Pension Reserves Investment Management Board Public Pension Fund Boston 1.4
NJ Division of Investment Public Pension Fund Trenton 1.4
SCS Financial - Private Client Group Wealth Manager Boston 1.4
Inter-American Investment Corporation Government Agency Washington DC 1.2
New York City Fire Department Pension Fund Public Pension Fund Brooklyn 1.2
Source: Preqin
We take a look at the private debt industry in the Northeast US, including funds closed and on the road as well as investors in the region.
PRIVATE DEBT IN THE NORTHEAST US
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CONFERENCES
© Preqin Ltd. 2018 / www.preqin.com14 Private Debt Spotlight | September 2018
CONFERENCES
OCTOBER 2018
Conference Dates Location Organizer Preqin Speaker Discount Code
Local Government Pension Investment Forum 3 October 2018 London KNect365 - -
Latin Private Wealth Management Summit 8 - 9 October 2018 Panama City marcus evans
Summits - -
European CLO Summit 9 October 2018 London Opal Financial Group - -
Preqin Breakfast Seminar – Future of Alternatives – Hong Kong 11 October 2018 Hong Kong Preqin Ee Fai Kam -
SuperReturn Private Credit US 15 - 17 October 2018 Chicago, IL KNect365 Sam Mitchell 10% Discount - FKR2465PRQ
FLAIA Meeting of the Americas 2018 18 October 2018 Miami, FL FLAIA Sam Mitchell -
Private Wealth Management Summit – APAC 22 - 24 October 2018 Macao marcus evans
Summits - -
Family Office & Private Wealth Forum – West 24 - 26 October 2018 Napa, CA Opal Financial Group - -
AIMA Canada Investor Forum 2018 29 - 30 October 2018 Toronto AIMA - -
Finovate Asia 29 - 30 October 2018 Hong Kong KNect365 - 20% Discount - FKV2338PQT
SEPTEMBER 2018
Conference Dates Location Organizer Preqin Speaker Discount Code
AIMA Australia Annual Forum 2018 12 September 2018 Sydney AIMA - -
Preqin Breakfast Seminar – Future of Alternatives – London 12 September 2018 London Preqin - -
Emerging Managers Summit 12 - 13 September 2018 New York, NY Opal Financial Group -
SuperReturn Asia 17 - 20 September 2018 Hong Kong KNect365Ee Fai Kam Jie Xin Choo Mark O'Hare
10% Discount - FKR2449PRQ
LPGP Connect Private Debt Chicago 18 September 2018 Chicago, IL LPGP Connect TBC -
Finovate Fall 24 - 26 September 2018 New York, NY KNect365 - 20% Discount - FKV2343PQT
Brazil Breakfast in association with LAVCA’s Annual Summit and Investor Roundtable
25 September 2018 New York, NY ABVCAP - -
Preqin Breakfast Seminar – Future of Alternatives – New York 26 September 2018 New York, NY Preqin - -
LPGP Connect 3rd annual Europe Private Debt conference bringstogether 250 LPs and GPs from the global private debt communityto analyse the latest trends in the market, discover newinvestment opportunities and build meaningful businessrelationships for long-term growth.
www.lpgpconnect.com
3RD ANNUAL LPGP CONNECTPRIVATE DEBT EUROPE
6th November 2018 Berlin Marriott Hotel | Inge-Beisheim-Platz 1, 10785 Berlin, Germany
LPGP Connect 2nd Women In Private Debtconference brings together 100 LPs and GPs from theglobal private debt community to analyse the latesttrends in the market, discover new investmentopportunities and build meaningful businessrelationships for long-term growth.
www.lpgpconnect.com
LPGP CONNECT WOMEN INPRIVATE DEBT LONDON
CONFERENCES
© Preqin Ltd. 2018 / www.preqin.com16 Private Debt Spotlight | September 2018
DATE: 15 - 16 October 2018
INFORMATION: https://goo.gl/gLE4GK
LOCATION: The Four Seasons, Chicago
ORGANIZER: KNect365
Expand your knowledge. Create targeted connections. Maximize returns on your investments.
• 300+ private credit professionals
• 70+ local and international LPs
• 80+ expert speakers
SuperReturn Private Credit U.S. is the #1 gathering of private credit LPs and GPs. Meet and learn from the best in private credit - one of the fastest
growing alternative asset classes.
Preqin subscribers get a 10% discount – quote VIP code FKR2465PRQCA.
SUPERRETURN PRIVATE CREDIT US
DATE: 6 November 2018
INFORMATION: https://www.lpgpconnect.com/privatedebt/3rd-annual-lpgp-connect-private-debt-europe/
LOCATION: Berlin Marriott Hotel | Inge-Beisheim-Platz 1, 10785 Berlin, Germany
ORGANIZER: LPGP Connect
LPGP Connect 3rd Annual Europe Private Debt Europe conference brings together 250 LPs and GPs from the global private debt community to
analyse the latest trends in the market, discover new investment opportunities and build meaningful business relationships for long-term growth.
LPGP CONNECT 3RD ANNUAL PRIVATE DEBT EUROPE
DATE: 9 October 2018
INFORMATION: www.opalgroup.net/trk/ecloc1803.html
LOCATION: London Marriott Hotel Grosvenor Square, London
ORGANIZER: Opal Group
The European CLO Summit is an educational forum designed for investors, issuers, underwriters, rating agencies, lawyers and accountants. At this
conference, they can learn the newest techniques to maximize returns and reduce risk exposure in this growing area of Asset-Backed Finance.
EUROPEAN CLO SUMMIT
CONFERENCES
© Preqin Ltd. 2018 / www.preqin.com17 Private Debt Spotlight | September 2018
DATE: 28 - 30 November 2018
INFORMATION: www.opalgroup.net/trk/cloc1803.html
LOCATION: Monarch Beach Resort, Dana Point, CA
ORGANIZER: Opal Group
The CLO Summit is an educational forum designed for investors, issuers, underwriters, rating agencies, lawyers and accountants. At this
conference, they can learn the newest techniques to maximize returns and reduce risk exposure in this growing area of Asset-Backed Finance.
CLO SUMMIT
DATE: 27 November 2018
INFORMATION: https://www.lpgpconnect.com/privatedebt/women-in-private-debt-november-27-2018/
LOCATION: London
ORGANIZER: LPGP Connect
LPGP Connect 2nd Women In Private Debt conference brings together 100 LPs and GPs from the global private debt community to analyse the
latest trends in the market, discover new investment opportunities and build meaningful business relationships for long-term growth.
LPGP CONNECT WOMEN IN PRIVATE DEBT LONDON
